The post Unemployment Sank 4.2% In June As Labor Market Shows Stability appeared on BitcoinEthereumNews.com.

Topline The economy showed further signs of stability last month, according to a Thursday morning report from the Labor Department, defying recession warnings, though the full impact of tariffs remains unclear. The labor market has been steady in 2025 despite turbulence from tariffs, immigration and federal … More government shrinkage. Getty Images Key Facts The unemployment rate dipped to 4.1% last month, milder than economist forecasts of 4.3%. The U.S. added 147,000 nonfarm jobs in June, compared to consensus economist estimates of 110,000, according to Dow Jones data. The Labor Department also revised April and May job growth upward by a combined 16,000, meaning the U.S. added 53,000 more jobs than previously expected, when factoring in the June jobs beat. Key Background The primary jobs report follows a concerning update Wednesday from payroll processor ADP. The company’s monthly private jobs report revealed private sector employment shrank by 33,000 from May to June, far worse than the 100,000 monthly growth forecasted by economists, marking the worst month for private sector employment since 2021. The unemployment rate is nearly a full percentage point higher than the 54-year low of 3.4% achieved in 2023, though it remains within a range typical for non-recessionary periods; unemployment was 5% or higher from 2008 to 2015. Despite indications of a weaker labor market earlier in 2025, the Federal Reserve has yet to deploy its most powerful tool to jolt hiring: interest rate cuts. The Fed hasn’t cut rates since December as it takes a wait-and-see approach on tariffs, earning the ire of President Donald Trump, who called for Fed Chair Jerome Powell’s resignation Wednesday. Jobs Report Dries Up July Rate Cut Hopes The June jobs report indicated the labor market is not in little need of a monetary policy life raft, meaning the seemingly good news…

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Filed under: News - @ July 3, 2025 1:24 pm